Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review.

The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emergency law to issue the tariffs. But the appellate judges sent the case back to the lower court to determine if it applied to everyone affected by tariffs or just the parties involved in the case.

Friday’s 7-4 decision by the Federal Circuit could extend the suspense over whether Trump’s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.

“ALL TARIFFS ARE STILL IN EFFECT!” Trump said in a post on Truth Social shortly after the decision was issued.

For instant reaction and analysis, Bloomberg Balance of Power cohost Joe Mathieu speaks with Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis, both Bloomberg politics contributors.

See omnystudio.com/listener for privacy information.

Jaksot(1601)

Instant Reaction: Trump-Backed Funding Plan Fails

Instant Reaction: Trump-Backed Funding Plan Fails

The Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown, capping an extraordinary tw...

20 Joulu 20247min

Government Shutdown Deadline; Fed Fueled Selloff on Wall Street

Government Shutdown Deadline; Fed Fueled Selloff on Wall Street

On today's podcast: 1) Trump Breaks With Johnson on Funding Bill, Wants Debt Limit Vote 2) Powell Signals Fed’s Focus Has Returned Firmly to Inflation 3) Micron Set for Biggest Drop Since 2020 on Slu...

19 Joulu 202416min

Instant Reaction: Jay Powell on Fed Policy

Instant Reaction: Jay Powell on Fed Policy

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillanc...

18 Joulu 202423min

Instant Reaction: The Fed Decides

Instant Reaction: The Fed Decides

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg SurveillanceSee omnystudio.com/listener for privacy ...

18 Joulu 202430min

Fed's Final Rate Decision of Year; Honda & Nissan Merger?

Fed's Final Rate Decision of Year; Honda & Nissan Merger?

On today's podcast: 1) Stocks Keep Steady With Fed in Focus 2) Honda, Nissan Explore Merger With Foxconn Also in Hunt for Stake 3) Luigi Mangione Indicted for First-Degree Murder in CEO DeathSee omnys...

18 Joulu 202414min

Trump Legal Setback; Traders Prep for Fed Rate Decision

Trump Legal Setback; Traders Prep for Fed Rate Decision

On today's podcast: 1) A legal defeat for Donald Trump involving his hush money case in New York 2) Stocks are lower as the Fed kicks off its final rate decision of the year 3) Ukraine claims responsi...

17 Joulu 202414min

Investors Ready for Fed Rate Decision; Cool China Eco Data

Investors Ready for Fed Rate Decision; Cool China Eco Data

On today's podcast: 1) Investors ready for a rate cut in the year's final full week of trading 2) States call for more authority to address drone sightings 3) Further signs of economic softening i...

16 Joulu 202417min

Daybreak Weekend: Fed Preview, BOE Decision, China Data

Daybreak Weekend: Fed Preview, BOE Decision, China Data

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of next week’s Fed decision and earnings from Nike. In the UK...

14 Joulu 202438min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
pomojen-suusta
rss-rahamania
rss-draivi
inderespodi
herrasmieshakkerit
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-myyntikoulu
rss-seuraava-potilas
taloudellinen-mielenrauha
kasvun-kipuja
rss-lahtijat
rss-asuntosalkku-kasvussa-podcast
rss-paasipodi
rss-viisas-raha-podi